La Gran Bretagna deve tagliare la spesa sociale, avverte JP Morgan
https://www.telegraph.co.uk/business/2025/10/23/britain-must-cut-welfare-spending-warns-jp-morgan/
di Low_Map4314
La Gran Bretagna deve tagliare la spesa sociale, avverte JP Morgan
https://www.telegraph.co.uk/business/2025/10/23/britain-must-cut-welfare-spending-warns-jp-morgan/
di Low_Map4314
27 commenti
Without a doubt, but would be nice to see Labour look to incentivize people to work, especially on low incomes in tandem with reducing welfare. However I’m not sure if tax breaks/ the carrot are part of their vocabulary.
Yeah – the welfare bill is out of control with the triple lock and skyrocketing PIP claims.
With the size of their parliamentary majority, they’d be well placed to make the tough policy decisions now. However, their noses are too deep in polling data and they’re more interested in being reelected than making good choices for the future of the country.
They should’ve been more prepared to be unpopular in the short term if they were confident that the changes would be positive for growth
Orrrrrr tax the wealthy and big business properly and it’ll cover it 16 times over
UC is going up 6%…my pay increase is 2.7%…why WOULD anyone want to work? As for incentivising…well that really is a sad state of affairs when not brought up with a moral compass like that to begin with. Why on earth should we encourage someone to work. Beggars belief. At the same time the amount of benefits you can get is enough to decide not to even bother! Such a sad state we’re now in.
Of all the entities whose opinion I don’t care about… JP Morgan is at the top of that list
Bet they don’t even pay their taxes but think they can dictate financial policy.
>warns JP Morgan
totally impartial economic advice then.
1.3 million people that aren’t UK/Irish citizens on universal credit is a good place to start. It won’t cover the whole bill of course
World’s largest bank tells government to cut spending on poor people.
Why don’t they give us some money from all that cocaine they like to ship around the world
Christ, are JP Morgan really that transparent and stupid??
Of course JP Morgan are going to call for the government to attack the vulnerable by cutting welfare benefits provision. JP Morgan’s whole business is to slavishly serve the richest. They ain’t going to call for a wealth tax now, are they?!
Most people on UC work..people think people on UC are the problem when in reality they are not..it’s the companies underpaying everyone so the government has to step in..as for PIP that’s easy to sort out, anyone who hasn’t had a doctors medical or a therapist or any sort of therapy signed off then their claims get stopped and they have 1 month to provide full evidence otherwise they have to payback everything they had claimed. Benefits is a problem but it’s not the biggest problem it’s a the people abusing it that’s the problem. I’ve always said every area needs help so the people on benefits can help out and learn valuable skills and work ethics, painting,rubbish removal, street sweeping,helping the elderly etc no reasons why these able bodies adults cant do that
No, Britain must tax it’s wealthiest corporations and and individuals more to pay for necessary public services. There’s no need to cut welfare if you increase tax revenue. We can’t keep doing trickle down economics , it doesn’t trickle down, the rich just accumulate more and more assets and raise living costs on the poor. We’re slow marching towards neo feudalism which is exactly what JP Morgan and their ilk want.
A bank that serves the rich says that 😂 and they’re treated as an important unbiased source
Yes, let’s kill more poor and disabled people, and remove more money from the economy. The last 15 years totally didn’t happen.
OR (hear me out here)
Increase taxes on the rich and estates
Fund social care and mental health support
And actually help people instead of taking the advice of a bank
https://fortune.com/2025/01/24/jamie-dimon-pay-rise-2024-compensation-ceo-succession/
> JPMorgan CEO Jamie Dimon was awarded an 8.3% pay rise in 2024, with his total compensation package coming to $39 million.
Interesting. The money is there, it’s just that more and more of it is being distributed amongst fewer and fewer people.
needs to be done better, its a safety net not a preferable option.
No, no we dont.
We just need to tax you, the rich, more
Tax the billionaires and corporations the money they actually owe.
There’s soo much poverty and misery in so many towns that cutting more public funding in these areas is just going cause chaos or a massive internal migration.
Jobs are desperately needed
We had 14 years of tories cutting, cutting clearly don’t work the way these rich folk think.
Last time I checked, JP Morgan have never proposed raising taxes on their highest earners or other wealthy people.
Nor do they have any specialist knowledge of disabled people’s issues and the support thats needed.
Sorry, but picking on the most vulnerable is disgusting. You think we’ve got issues in our economy? You pay for them then.
After all, its your greed that’s caused the issues in the first place, no matter which minority you try to divert the blame to.
£8-10 billion being spent on welfare of citizens of other countries ….
Nothing to do with anything, I’m sure and so will be liberal idiots and otherwise knowing socialists.
Doesn’t really need an American Investment Bank to tell us that Welfare spending is ballooning out of control and is unaffordable. Everyone except the loony lefties of Liebour, Libdumbs and Greenflies understands this.
Excellent. Let’s start by gutting any and all corporate welfare.
I’m with Zack Polanski, there’s plenty of money in this country but we are terrible at redistributing it. Picking on the poor and vulnerable to balance the books isn’t what a rich country should be doing.
I have no problem with triple lock for pensioners, they have paid in and as the pension age is creeping up, people will receive less years worth
Pip for anxiety/depression/ocd should not be allowed.